Lenox Wealth Management Inc. boosted its holdings in shares of Invitation Homes Inc (NYSE:INVH) by 6,568.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,269 shares of the company’s stock after buying an additional 9,130 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Invitation Homes were worth $274,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Invitation Homes in the third quarter valued at about $30,000. CSat Investment Advisory L.P. acquired a new stake in shares of Invitation Homes in the second quarter valued at about $37,000. NEXT Financial Group Inc grew its position in shares of Invitation Homes by 18.1% in the second quarter. NEXT Financial Group Inc now owns 2,919 shares of the company’s stock valued at $78,000 after purchasing an additional 447 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of Invitation Homes in the second quarter valued at about $83,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of Invitation Homes in the third quarter valued at about $139,000.
In other news, Director Barry S. Sternlicht sold 463,048 shares of Invitation Homes stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $30.44, for a total value of $14,095,181.12. Following the completion of the transaction, the director now owns 11,187 shares in the company, valued at $340,532.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ernest Michael Freedman sold 31,892 shares of Invitation Homes stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $28.41, for a total transaction of $906,051.72. Following the completion of the transaction, the chief financial officer now owns 342,786 shares of the company’s stock, valued at approximately $9,738,550.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,649,323 shares of company stock valued at $1,259,523,023. Corporate insiders own 0.25% of the company’s stock.
Shares of NYSE INVH traded down $0.01 during mid-day trading on Friday, hitting $29.51. The company had a trading volume of 1,968,848 shares, compared to its average volume of 3,854,910. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.29 and a quick ratio of 0.29. The business’s 50-day simple moving average is $30.17 and its 200-day simple moving average is $27.76. Invitation Homes Inc has a 12 month low of $19.21 and a 12 month high of $31.32. The firm has a market cap of $15.95 billion, a P/E ratio of 128.30, a PEG ratio of 3.14 and a beta of 0.40.
Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.24). The business had revenue of $443.33 million for the quarter, compared to the consensus estimate of $446.66 million. Invitation Homes had a return on equity of 1.83% and a net margin of 6.76%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 EPS. As a group, sell-side analysts predict that Invitation Homes Inc will post 1.23 EPS for the current year.
The firm also recently declared a dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, November 12th. Invitation Homes’s dividend payout ratio is 226.09%.
Several equities research analysts have recently issued reports on INVH shares. Citigroup raised their price target on Invitation Homes from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday. BTIG Research downgraded Invitation Homes from a “buy” rating to a “neutral” rating in a research report on Thursday, October 31st. B. Riley set a $30.00 price target on Invitation Homes and gave the company a “buy” rating in a research report on Friday, August 16th. ValuEngine downgraded Invitation Homes from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research raised Invitation Homes from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $29.79.
Invitation Homes Company Profile
Invitation Homes is a leading owner and operator of single-family rental homes, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.
Further Reading: What is Depreciation?
Receive News & Ratings for Invitation Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Homes and related companies with MarketBeat.com's FREE daily email newsletter.